All posts by nangia

Foreign Tax Credit – Contemporary Position on Litigious Issues – Rakesh Nangia

Computation of Foreign Tax Credit (‘FTC’) with respect to doubly taxed income is always a contentious issue. In this regard, CBDT has notified FTC rules which outline the manner and extent to which credit shall be granted. Rakesh Nangia, Managing Partner and Neha Malhotra, Executive Director with inputs from Radhika Arora contributed an article on Foreign Tax Credit – Contemporary Position on Litigious Issues for Taxsutra. Foreign Tax Credit – Contemporary Position on Litigious Issues

GST rates: Centre to resist demand for pruning 28% slab – Himanshu Relan

Dear All Several state governments are pitching for a further pruning of the highest GST slab of 28% but the GST Council meeting scheduled for June 20 here is unlikely to take a decision on this, as the Centre is wary of the revenue implications of the move. Himanshu Relan, Partner- GST shares his views on GST rates: Centre to resist demand for pruning 28% slab for Financial Express. GST rates: Centre to resist demand for pruning 28% slab